The Turkish Statistical Institute (TurkStat) released its latest report on Monday, shedding light on the performance of key sectors in November.

According to the data, the confidence index revealed a mixed outlook, with declines in some areas and gains in others.

In the services sector, the confidence index experienced a notable decrease of 2.9%, dropping to 111.0. This decline indicates a cautious sentiment among businesses operating in the sector.

Conversely, the retail trade sector showed a modest improvement. The confidence index rose by 0.9%, reaching 111.7, reflecting a slight boost in optimism.

The construction sector also exhibited positive momentum, with the confidence index increasing by 1.7% to 87.8. Although the sector remains below the baseline of 100, the upward trend suggests a gradual recovery.

These confidence indices, which are adjusted for seasonal variations, provide valuable insights into the expectations and sentiment of businesses across these sectors. While the decline in the services sector highlights potential challenges, the gains in retail trade and construction point to resilience and recovery in these areas.

As businesses adapt to evolving market conditions, further analysis will reveal the underlying factors shaping these trends. (ILKHA)